Gold Holds Above $2,500: Safe-Haven Appeal Strengthens Gold prices remain bullish, trading above $2,500, as weaker U.S. yields and a declining U.S. dollar support its safe-haven status. Recent downward revisions in Nonfarm Payrolls data have raised concerns about a weakening U.S. labor market, potentially influencing Federal Reserve rate decisions. The market anticipates possible rate cuts, with attention now on upcoming economic indicators and Fed Chairman Powell’s speech at Jackson Hole. Gold’s consolidation near resistance levels suggests potential for further gains, reflecting its ongoing sensitivity to economic indicators and monetary policy expectations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Goldman Sachs Cautiously Optimistic About Stock Market Rally Despite Emerging Risks READ MORE Opinion: Fed Should Cut Interest Rates to Avoid Economic Harm READ MORE The Ticking Debt Bomb: How to Safeguard Your Investments from the Inevitable READ MORE Gold Rally Continues nearing $2,500 with Traders Betting on Fed Rate Reductions READ MORE German and Italian Gold Imports Linked to Amazon's Illicit Mining Boom READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment